Hosur Development Plans, why hosur a right place for investment?
- Climatic condition in Hosur is better than Bangalore now
- Political stability in Tamil Nadu is always better than Karnataka and hence development of Hosur will be always there
- Hosur lies in ‘Golden V’ – Coimbatore – Hosur – Chennai – of Tamil Nadu – which government of Tamil Nadu promotes as industrial area
- Hosur will soon become a Municipal Corporation
- Land value will keep increasing as large number of migrant population is now settling in Hosur
- Hosur is just 20 kms from Electronics City
- Hosur is home to various multinational companies like TVS, Ashok Leyland, Titan, HLL etc.
- IT majors Infosys and Wipro are close-by.
- Devanahalli Airport is only 85 kms away – just 2 hours drive from Hosur during non-peak hours
- Hosur has great connectivity with a good network of roads.
Reasons to Invest in Hosur:
Hosur is a mere 20 km away from Electronic City, Bangalore’s IT hub, and the Tamil Nadu government wants to make the industrial township a giant satellite town like Gurgaon or Noida.
The Electronics Corporation of Tamil Nadu (ELCOT) will commission a study shortly along with the Confederation of Indian Industry on how Hosur can be transformed into an information technology and IT-enabled Services hot spot. The Software Technology Parks of India plans on setting up a park at Hosur.
The Union ministry of IT and communications has asked the Tamil Nadu government to allot land for the building. “With a TIDEL-type park, Hosur is a very viable idea. Lots of residential complexes will be thrown in between Hosur and Bangalore. Travel time is faster outside Bangalore to Hosur rather than within the city.
If the proposal sent by the Krishnagiri district Collectorate gets the stamp of approval from the Tamil Nadu Government, Hosur will become the next Noida or Navi Mumbai, giving Bangalore a run for its money with regard to industrial development.
The collectorate has completed a comprehensive study of the Hosur belt and suggested, among other things, a software technology park, a floriculture park, a special economic zone (SEZ) and the development of massive commercial and residential areas. Hosur has been dovetailing on the strength of Bangalore’s talent pool, but industrial growth has been stagnant for some years now.
Having been an industrial hub for over two decades and home to the manufacturing plants of Ashok Leyland, Titan Industries, T.T.K. Prestige, Reckitt Benckiser, Hindustan Lever, TVS Motors and so on, Hosur is now eyeing investments from IT (information technology) majors.
The town is just 30 km from Bangalore’s Electronics City and sees enormous potential to woo companies from across the border.
The Union Ministry of Commerce has approved the Hosur SEZ, which will come up on over 3,000 acres at a cost of Rs. 512 crore. It is likely to attract investments from the IT sector. Prohibitive land prices in Bangalore, the collectorate believes, will be the driver for companies in and around Bangalore to think of moving across the border.
“It is much faster to reach Electronics City from Hosur than from Bangalore city, though this may change once the elevated expressway comes up between Madivala and Electronics City,” says Mr. Vakil, a developer.
Maran pitches in Making a pitch for Hosur is no less than Union Minister for Communications and IT Dayanidhi Maran, who wants the town to compete with Bangalore and has been talking to industries here to invest across the border.
INDUSTRIES AT HOSUR SIPCOT
The State industrial Promotion Corporation of Tamil Nadu, (SIPCOT) has developed one of the largest industrial complexes in the country in Hosur in over an area of 1370 acres and to develop Large/Medium/Small industries with SIDCO offering comprehensive services for more than 500 industries.
The industries in Hosur are the source of raising the standard of living of people in Krishnagiri district. It is producing goods varying from Pin to Aeroplance. The credit goes to the good climate, incentives and inspiration provided by the State government and Central government. It is at an altitude of 10000m from mean sea level. It is very near to Bangalore, the capital of Karnataka. Industries of various kinds such as electrical, electronic, automobile, chemical, iron & steel are flourishing because of the favorable conditions and infrastructure availability. Information technology has a great scup for investment because of the proximity of Bangalore.
Several industrialist of repute have started their units in Hosur. Hosur has been able to attract some of the most prestigious industrial houses in the country including the Tatas, The Birlas, the Hindujas, TVS group companies, Murugappa group of companies, Lakshmi group and also a number of MNCs. Hosur Industrial area is consists of about 700 industries comprising of Large, Medium, Small and tiny industries. The location of these industries are SIPCOT phase I & II, SIDCO industrial estates, SIDCO electronic industrial estate and the outside industries are scattered in private lands within 20 Kms radius of Hosur towards Krishnagiri, Royakottai & Thalli Roads and few major industries in Harita, Bagalur, Belagondapalli, Thorapalli and other areas.
The units located at Hosur manufacture sophisticated products ranging from Trucks, Automobiles and Automobiles parts, Motor Cycles, Mopeds, Diesel Engines, Power shift Transmission, Castings, Forgings, Cigarettes, Watches & Jewellery, Abrasives, Hosiery knilling needles. Machineries, Aircrafts and Pharmaceuticals, Biotech textiles, Chemicals, Electronic, electrical and general engineering.